Segall Bryant & Hamill LLC Boosts Stake in CBIZ, Inc. (NYSE:CBZ)

Segall Bryant & Hamill LLC grew its stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 12.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,457 shares of the business services provider's stock after acquiring an additional 17,936 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.31% of CBIZ worth $12,627,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Whittier Trust Co. acquired a new stake in shares of CBIZ in the 1st quarter worth $34,000. McIlrath & Eck LLC boosted its stake in shares of CBIZ by 193.2% during the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider's stock valued at $46,000 after acquiring an additional 367 shares during the last quarter. Olde Wealth Management LLC acquired a new stake in CBIZ in the 1st quarter worth about $55,000. Huntington National Bank raised its holdings in shares of CBIZ by 9.4% during the 4th quarter. Huntington National Bank now owns 2,220 shares of the business services provider's stock valued at $182,000 after buying an additional 191 shares during the period. Finally, ArrowMark Colorado Holdings LLC purchased a new stake in CBIZ during the 4th quarter worth approximately $204,000. Hedge funds and other institutional investors own 87.44% of the company's stock.

Analysts Set New Price Targets

Separately, William Blair reaffirmed an "outperform" rating on shares of CBIZ in a research report on Friday, April 25th.

CBIZ Trading Up 1.7%

Shares of NYSE CBZ traded up $1.25 during midday trading on Thursday, hitting $75.18. The stock had a trading volume of 528,083 shares, compared to its average volume of 378,320. The company's 50-day simple moving average is $72.07 and its 200 day simple moving average is $76.19. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market cap of $4.09 billion, a P/E ratio of 51.15 and a beta of 0.91. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13.

CBIZ (NYSE:CBZ - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.11 by $0.18. CBIZ had a return on equity of 14.83% and a net margin of 4.03%. The firm had revenue of $838.01 million for the quarter, compared to the consensus estimate of $860.25 million. During the same quarter in the previous year, the business earned $1.54 earnings per share. The business's revenue was up 69.5% compared to the same quarter last year. Research analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current year.

CBIZ Company Profile

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.